Yes, that elephant in the room we talked about in our weekly message is absolutely the issue: emphasis mine…
It’s a small dent, but US equities are attempting to get back some of Monday’s losses following optimistic news on trade between China and the US as well as positive earnings reports from Home Depot (HD) and Beazer (BZH).
On trade, there’s still absolutely nothing concrete, so it wouldn’t take much to reverse that optimism.
— Bespoke Investment Group